Uber Reports Q1 Gross Bookings Rose 25% Year Over Year to $53.7 Billion

The company said first-quarter gross bookings reached $53.7 billion, showing continued growth in ride-hailing and delivery activity.

Summary

Uber said its first-quarter gross bookings increased 25% from a year earlier to $53.7 billion. Gross bookings refer to the total dollar value of transactions on the platform before payouts, incentives, and certain adjustments, making the figure a key measure of marketplace activity.

Terms & Concepts
  • Gross bookings: The total value of transactions processed on a platform before driver payouts, merchant payments, and other adjustments.
  • Year over year: A comparison of a financial metric with the same period one year earlier to show growth or decline trends.